Why should you consider investing in cybersecurity stocks?
According to the Identity Theft Resource Center, the number of data breaches set a record in 2023, with the number of incidents jumping 71% from the previous high in 2021. At the same time, the total number of individual victims affected decreased by 16%, reflecting a shift from mass attacks to more targeted fraud and scams. The attack volume stayed at this elevated level in 2024, though the victim count tripled year over year. The hackers are quick to adjust their tactics as the cybersecurity defenses get tougher.
It shouldn't be surprising that global spending on cybersecurity is expected to exceed $200 billion per year by 2028 and will likely continue to be a high-growth industry for years, according to research from IDC. Cybersecurity stocks are a red-hot niche of the tech industry, so knowing how to invest in them can yield some big returns in the decade ahead.